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Dec 31, 2023
Braemar Q4 2023 Earnings Report
Reported financial results and performance measures.
Key Takeaways
Braemar Hotels & Resorts Inc. reported a decrease in comparable RevPAR for all hotels by 4% to $288, with a net loss attributable to common stockholders of $(31.1) million or $(0.47) per diluted share for the quarter.
Comparable RevPAR for all hotels decreased 4% over the prior year quarter to $288.
Net loss attributable to common stockholders for the quarter was $(31.1) million or $(0.47) per diluted share.
Adjusted EBITDAre was $37.4 million for the quarter.
The Company ended the quarter with cash and cash equivalents of $85.6 million.
Revenue by Geographic Location
Forward Guidance
The Company expects a more favorable refinancing environment going forward, which will continue to reduce the Company’s interest expense on these and other future financings.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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